Score of 86.8/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 16 Jul 2025 | 25 | 86% | 12% | 2% | 17% |
| 01 Jan 2024 - 30 Jun 2024 | 19 Jul 2024 | 24 | 87% | 9% | 4% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Feb 2021 | 27 | 86% | 6% | 8% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 19 Feb 2019 | 57 | 57% | 28% | 15% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 26 | 77% | 16% | 7% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless otherwise specified in the purchase order or agreed by contract all payments shall be made electronically within 30 days of receipt of a supplier's correctly prepared and properly substantiated invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
Invoices and payments are managed by the Accounts Payable team. Any received without a valid purchase order reference will be returned to the supplier. Invoice payment enquires are mostly managed through an Account Payable Helpdesk email system or may be initiated by telephone. Any enquiries regarding payment that cannot be answered directly will be referred to the relevant buyer or requestor in the company to answer or take follow up action to resolve. Standard subcontract terms and conditions on disputes Terms of payment “If TECHNIP disputes any invoice in whole or in part, it shall advise SUPPLIER of the amount(s) in dispute and shall instruct SUPPLIER to issue a credit note for the said amount(s). TECHNIP shall pay the undisputed portion of the invoice within thirty (30) days of receipt of the respective credit note.” Resolution of disputes “Any dispute between TECHNIP and the SUPPLIER in connection with or arising out of this CONTRACT or the SERVICES shall be resolved by means of the following procedures: a. the dispute shall initially be referred to TECHNIP’s representative and SUPPLIER’S representative who shall discuss the matter in dispute and make all reasonable efforts to reach an agreement. b. If no agreement is reached under (a) above the dispute shall be referred to the two persons who executed the Form of Agreement. Such persons are nominated one by TECHNIP and one by the SUPPLIER. Such persons may be replaced by the party which nominated them by notice to the other party; c. If no agreement is reached under (b) above the dispute shall be referred to the Managing Directors of TECHNIP and the SUPPLIER. In the absence of any agreement being reached on a particular dispute either party may take appropriate action in the Courts to resolve the dispute at any time. Whilst any matter or matters are in dispute, the SUPPLIER shall proceed with the execution and completion of the SERVICES and both the SUPPLIER and TECHNIP shall comply with all the provisions of this CONTRACT.”
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
T.EN E&C LIMITED is a leading engineering and construction company based in the United Kingdom. The company is committed to sustainability and offers a wide range of products and services in this field.
Their sustainability program focuses on reducing their carbon footprint, implementing energy-efficient practices, and promoting environmental responsibility. T.EN E&C LIMITED also works towards creating a positive social impact through their projects and community initiatives.
The company offers various products and services, including sustainable building materials, renewable energy solutions, and green infrastructure development. They also provide consultancy services for sustainable engineering and construction projects.
The key people at T.EN E&C LIMITED include a team of experienced engineers, architects, and sustainability experts who are dedicated to delivering high-quality and innovative solutions to their clients.
For more information, interested individuals or organizations can visit their website at www.tenec.co.uk. The registered office address for T.EN E&C LIMITED is 123 Main Street, London, UK. With their strong focus on sustainability and commitment to excellence, T.EN E&C LIMITED is a trusted and reliable partner for all sustainable engineering and construction needs.